The Pharmaceutical Society of Ireland (PSI) is a statutory body, independent in the exercise of its functions, which was established under the Pharmacy Act 2007 (referred to hereafter as ‘the Act’).
The legislative framework through which the PSI operates is the Act and the Regulations made under it. The Society functions as an independent State body under the aegis of the Department of Health (DoH) in accordance with its statutory role as per the provisions of the Act. As a State body, the Society aims to fully comply with its legal obligations under the Ethics in Public Office Act, the Freedom of Information Act, the General Data Protection Regulation, Protected Disclosures Legislation, Irish and EU procurement regulations, and public pay policy.
Oversight of the PSI is governed through formal Oversight Agreements (OA) and Performance Delivery Agreements (PDA) in place for the period 2020–2026, which set out agreed levels of service and performance between the PSI and the Minister for Health/Department of Health. These agreements align with the PSI’s Corporate Strategy and the Department’s Statement of Strategy.
In accordance with the OA/PDA, the Department and the PSI engage through:
• Formal governance meetings at least three times per year, at which performance, governance, risk, and compliance matters are reviewed.
• Annual submission of the PSI’s Annual Report and Financial Statements
The PSI Council, a 21-member board with a lay majority appointed by the Minister, provides strategic leadership and ensures the PSI fulfils its statutory functions.
Performance Indicators in Place
The Oversight and Performance Delivery Agreements form part of the agenda of the governance meetings between the PSI and the Department of Health, where the Society’s performance and compliance with the Code of Practice for the Governance of State Bodies 2016, as amended, are reviewed.
Performance is assessed against the deliverables and key performance indicators set out in the PSI's annual service plan and the Performance Delivery Agreements, with due regard to the PSI’s statutory role.
Key outputs are defined in the PSI’s Corporate Strategies. Progress on agreed corporate and annual service plan objectives is monitored by the PSI Executive Leadership Team, with oversight by the PSI Council and its Committees. This includes both quantitative metrics—such as inspection volumes, budgeting and expenditure, complaint processing timelines, and FMD compliance rates—and qualitative measures outlined in the DoH–PSI Oversight Agreement. The Department reviews these indicators at the governance meetings.
The PSI has multiple measures in place to support accessibility, transparency, and effective public communication, including:
• A public-facing website providing up-to-date regulatory information, the public register of pharmacists and pharmacies, and accessible instructions on how to raise concerns or make a statutory complaint.
• Maintaining responsive communication channels (phone, email, online services) to support the diverse needs of the public.
• Commitment to accessibility and inclusivity initiatives, ensuring that PSI information and services are accessible to people with disabilities or additional needs.
• These measures complement the PSI’s broader regulatory function to protect the health, safety and wellbeing of the public.
Reviews, Audits and Improvement Plans Since 2020
Between 2020 and 2026, the PSI has undertaken performance review activities, including:
• Annual internal audits, external audit processes, and governance reviews overseen by the Audit & Risk Committee.
• Continuous review and enhancement of internal control systems, including financial, operational and compliance controls, as required under the Code of Practice.
• Ongoing oversight of risk management systems, with quarterly reviews by the Audit & Risk Committee and Council. Risk is a standing agenda item as part of the formal governance meetings.
• Publication of Annual Reports and Financial Statements each year, outlining progress against strategic and service plan objectives.
These reviews ensure that the PSI’s regulatory activities remain robust, proportionate, and aligned with public-health priorities.
Planned Measures for 2026
In 2026, the PSI will continue implementation of its Corporate Strategy 2025–2028, with a focus on delivering the strategic activities, core regulatory functions and organisational development actions set out in both the 2026 Service Plan and the PSI–DoH Oversight and Performance Delivery Agreements. Key areas of work for 2026 will include:
• Strengthening inspection, enforcement, and complaints management systems, including updating the Inspection and Enforcement Policy, implementing a more risk-based, intelligence-driven regulatory approach, advancing reforms to fitness-to-practice processes, and supporting expanded models of pharmacy practice.
• Supporting the development and delivery of an effective regulatory framework aligned with national policy, including contributions to the implementation of the Community Pharmacy Agreement 2025, the rollout of expanded pharmacist services (Common Conditions Service, contraception continuation, future autonomous prescribing), and progressing the reform of the Pharmacy Act in collaboration with the Department of Health.
• Expanding capacity to support enhanced pharmacy services, including delivering training and regulatory supports for expanded scope-of-practice initiatives, enhancing CPD systems for pharmacists and pharmaceutical assistants, and ongoing work under the Workforce Intelligence Report to support strategic workforce planning.
• Maintaining strong governance, risk management, financial oversight, and compliance structures under the Oversight Agreement/Performance Delivery Agreement, including continued implementation of the Strategic Workforce Review, delivery of internal audit and risk management commitments, and ensuring compliance with the Code of Practice for the Governance of State Bodies.
As part of its Governance Function and in line with the requirement under the [Code of Practice for the Governance of State Bodies] the Department of Health will undertake a Periodic Critical Review (PCR) of the PSI during 2026/27. Periodic reviews provide assurance and challenge about the continuing need, efficiency and good governance of public bodies, and are part of a wider strategy for Government expenditure, to ensure that it is targeted, subject to evaluation and delivering against its original objectives.